Canada markets closed
  • S&P/TSX

    20,287.80
    -24.00 (-0.12%)
     
  • S&P 500

    4,395.26
    -23.89 (-0.54%)
     
  • DOW

    34,935.47
    -149.03 (-0.42%)
     
  • CAD/USD

    0.8023
    +0.0003 (+0.04%)
     
  • CRUDE OIL

    72.76
    -1.19 (-1.61%)
     
  • BTC-CAD

    48,999.68
    -3,266.34 (-6.25%)
     
  • CMC Crypto 200

    959.17
    +9.27 (+0.98%)
     
  • GOLD FUTURES

    1,810.10
    -7.10 (-0.39%)
     
  • RUSSELL 2000

    2,226.25
    -13.78 (-0.62%)
     
  • 10-Yr Bond

    1.2390
    0.0000 (0.00%)
     
  • NASDAQ

    14,672.68
    -105.62 (-0.71%)
     
  • VOLATILITY

    18.39
    +0.69 (+3.90%)
     
  • FTSE

    7,077.71
    +45.41 (+0.65%)
     
  • NIKKEI 225

    27,781.02
    +497.43 (+1.82%)
     
  • CAD/EUR

    0.6749
    -0.0003 (-0.04%)
     

Mackenzie Scott gave away $6 billion in 2020 — and grew richer

·1 min read
Mackenzie Scott.
Mackenzie Scott. Evan Agostini/Invision/AP

Mackenzie Scott is giving away money at a rapid rate, but her philanthropic efforts still didn't outpace what she brought in last year, The New York Times reports.

Scott, who was married to Amazon founder Jeff Bezos and was heavily involved in the early days of the company, is one of the richest people in the world, and she's pledged to donate a majority of her wealth to philanthropic causes. In 2020, a year defined by the coronavirus pandemic and its economic fallout, Scott gave away nearly $6 billion to 500 different organizations.

Still, though, she "ended the year with more money than she started it," the Times notes, and her net worth was last roughly estimated at $60 billion by Forbes, per the Times. The reason for the increase? The stock market surged last year, and Scott has quite a large stake in Amazon. Read more at The New York Times.

You may also like

7 scathingly funny cartoons about Democrats' Joe Manchin problem

Bernie Sanders wants to know if cannabis reporter is 'stoned' right now

'No one will be spared': Georgia election workers have reportedly received a 'torrent' of threats from Trump supporters

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting